Friday, December 15, 2017

Profit Over

Neoliberalism works best when there is formal electoral democracy, but when the population is diverted from the information, access, and public forums necessary for meaningful participation in decision making. As neoliberal guru Milton Friedman put it in his Capitalism and Freedom, because profit-making is the essence of democracy, any government that pursues anti-market policies is being antidemocratic, no matter how much informed popular support they might enjoy. Therefore it is best to restrict government sto the job of protecting private property and enforcing contracts, and to limit political debate to minor issues.

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